The Kochs helped fund an attack on ‘Medicare for All.’ It still concluded the plan would save us trillions

Americans can’t afford not to have Medicare For All.

Proposed funding sources for M4A include a 4% income tax, which means a family of four earning $75,000 per year would pay an additional $2,000 in taxes after taking a standard deduction. But that family would no longer pay an invisible tax of $7,674 — the average premium paid to private insurers — for an immediate savings of $5,674. In addition, it would no longer have to pay an average $4,704 in out-of-pocket costs. That’s a savings of more than $10,000 per year.

Who wouldn’t take that deal? Granted, the $10,000 average includes the costs of expensive care that families don’t need every year. But at a time when two-thirds of American households say they don’t have $1,000 for an emergency, it’s protection well worth having.

Some more numbers on the savings Medicare for All would give us.

Source: The Kochs helped fund an attack on ‘Medicare for All.’ It still concluded the plan would save us trillions

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